3. HISTORY
ANCIENT
INDIAN
AVIATION
the world’s first plane was
invented by the Hindu sage
Maharishi Bharadwaj
Indians invented planes 7,000 years ago
"The ancient planes had 40 small engines."
“There is a reference of ancient aviation in the Rigveda.”
Vimana Samhita, had written about various types of
metal alloys used to build an aeroplane
4. The civil aviation industry in India has emerged as one of the fastest
growing industries in the country during the last three years.
INTRODUCTION
Country will become the third largest aviation market in terms of passengers by 2024.^
With a market size of US$ 16 billion, the country is the tenth-largest civilian aviation market
5. the rising demand in the sector has pushed the number of
airplanes operating in the sector. The number of airplanes
is expected to reach 1,100 planes by 2027.
In the Union Budget 2022-23, Rs.
10,667 crore (US$ 1.38 billion) has
been allocated to the Ministry of Civil
Aviation
AAI plans to invest Rs. 25,000 crore
(US$ 3.58 billion) in next the five years to
augment facilities and infrastructure at
airports.
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India aims to have 220 new airports by
2025, said, Mr. Jyotiraditya Scindia,
Minister of Civil Aviation.
According to WTTC, India ranked 7th among
185 countries in terms of travel &
tourism’s total contribution (4.7%) to the
GDP in 2020. The contribution was worth
US$ 121.9 billion.
6.
7.
8. International tourist arrivals are expected to
reach 30.5 million by 2028.
Indian Tourism
The Medical Tourism sector is predicted to increase
at a CAGR of 21.1% from 2020-27.
The travel market in India is projected to reach
US$ 125 billion by FY27
n the Union Budget 2022-23, Rs. 2,400 crore (US$ 309.13
million) has been allocated to the Ministry of Tourism which
is 18.42% higher than the allocation for FY 2021-22.
9. INDIAN AEROSPACE INDUSTRY ON A
TRAJECTORY FOR HIGHER GROWTH
The Indian aerospace & defence (A&D) market
is projected to reach ~US$ 70 billion by 2030
India's drones and drone
component manufacturing
industry have the potential
to attract investments
worth Rs. 5,000 crore (US$
632.6 million), which will
enhance domestic
manufacturing within the
country and create more
than 10,000 direct jobs over
the next three years.
10. Invest more than Rs. 10,000,000 crore (US$ 1.3 trillion) in
infrastructure expansion over the next five years for
achieving the US$ 5 trillion economy goal
The Aerospace and Defence (A&D)
market in India is estimated to reach
around $70 billion by 2030
Ancillary manufacturers of aerospace components and assemblies:
Various types of metallic, non-metallic and composite parts for
engines, aero structures, airplane interiors, space programs etc. for
both domestic supply and exports to international manufacturers.
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Commercial airlines and air services
operators: Offering passenger and cargo
services and procuring airplanes, helicopters
etc. from global companies like Boeing,
Airbus, Sikorsky etc.
Aircraft/airplane, helicopter, space
equipment manufacturers: OEMs largely
restricted to PSUs like HAL, NAL, ISRO and
other government entities.
The MRO market for repairs and maintenance
services for aircraft is itself expected to touch
$4 billion by 2025. In addition, there is scope for
design and engineering services related to
components and assemblies .
